EVENT:
Detecting Scams Involving Counterfeit Checks, Go Chex, Money Orders and More (Session Code: 664)
Lottery scams, internet scams, 419 email scams and multiple variations target your members. While your members may be the target and fall victim to what seems to others to be an obvious fraud, often it is your credit union that suffers the financial consequences of your members’ unwitting involvement with con artists.
Con artists utilize variations schemes to dupe members, which ultimately involve counterfeit postings to your members’ accounts. Learn the red flags and practical steps to avoid losses associated with these ever increasing fraud schemes. This information gained in this enlightening session will protect your members and your credit union.
This session will cover:
• Gain insight into the scams targeting your members and your credit union
• Discover how GoChex like sites and other online payment systems used by members place you at risk
• Learn what “red flags’ are indicative of counterfeit deposits and check fraud
• Develop training to identify and eliminate the acceptance of counterfeit checks
• Explore the methods other institutions are utilizing to combat this specialized form of fraud
Illinois Pricing:
Regular: $ 169.00
Contact: Greg Framarin (Illinois Credit Union League)
Phone: 630-983-3420
Fax: 630-983-3212
Email:
greg.framarin@ilcusys.org